Energy Policy is putting both Electric Reliability and the Economy at Risk - PowerPoint PPT Presentation

Energy Policy is putting both Electric Reliability and the Economy at Risk. Frank Clemente Ph.D. Senior Professor of Social Science & Energy Policy Penn State University [email protected] 1. Reliable Electricity and the Economic Growth:.

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“Electricity use and gross national product [are] strongly correlated. The relationship … is so important that it should be considered in developing … energy and economic policies … to promote electrotechnologies … to lower the real cost of electricity ” National Academy of Science, 1986

1997: “if Lower-48 proved gas reserves are reported to EIA with reasonable accuracy, and inferred reserves as assessed by the Department of the Interior prove generally reliable…by early in the next century, natural gas will have become more of an energy problem than an energy solution”

–Joseph Riva, Colorado School of Mines

2008: “Construction of natural gas fired power generation in the last decade has placed an unreasonable strain upon the U.S. natural gas system. Natural gas must be used to meet new electricity load growth…this unfettered demand growth appears to have come at the expense of other consumptive sectors”

Florida: FPL requestsDramatic increases in the cost of fuel, the price of natural gas, which fuels 50 percent of FPL's electricity generation, has risen from $8.17 per million BTU to $10.75 per million BTU, a 32 percent increase.